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Dubai holidays set to be the travel bargain of 2010

Many travel experts are now predicting that the world's fanciest holiday destination, Dubai, could be shaping up to be next year's travel bargain after prices of Dubai holidays and breaks to the emirate plummeted by up to 7% over the last few weeks

Dubai holidays are set to become next year’s top travel luxury bargain as the emirate faces up to its current economic problems by reducing prices and hotel rates on short breaks and Dubai holidays. Prices have already gone down by as much as 7 % over the last few weeks and travel experts predict this trend to continue into early 2010 as Dubai tries to recover from its financial blues.

‘The UK is a strong market for hotels in the Middle East. Hoteliers must put more deals in front of agents to encourage people to keep travelling to the region. Everyone stands to win out of this situation.’- said Advantage Holiday’s leisure director Julia Lo Bue.

And as the saying goes: “All that glitters... has just become a little bit more affordable!” Prices for Dubai holidays could plummet further according to industry experts.

This week Thomas Cook's Chief Executive Manny Fontenla-Novoa said the company had seen prices drop by 7 % and was confident that prices and general Dubai hotels rates would continue to fall.

The emirate had gone into financial meltdown since it was revealed state-controlled DubaiWorld, a holding company designed to diversify the economy, was unable to meet commitments to debts – a large proportion of which is invested in many of the emirate’s vast construction projects for new Dubai hotels, of which none have come to a halt and many are due to open soon in early 2010.

Even when the emirate is part of the oil-rich gulf state of the United Arab Emirates, Dubai itself only sources around 6 % of its income through oil, with a much larger proportion of money coming from financial services and the travel industry, which relies heavily on the glitzy upscale appeal of luxury holidays.

Thus the ensuing financial turmoil has led to some heavy Dubai holidays discounts with extras thrown in as Dubai hotels try to desperately attract more guests.

One Dubai hotel was preparing to offer up to 50 % off its room prices, while winter Dubai holidays and sun deals may also be heavily discounted during this season. To complete the deal, fares on the award-winning Emirates Airlines have also been cut in recent weeks.